Platform provider 7IM has received regulatory approval from the Jersey Financial Services Commission, to open an office on the Channel Island.

The new branch will open for business next week and will be based in St Helier. It will build on 7IM’s existing client base in Jersey, which has been built since the company was launched in 2002.
 
7IM’s Jersey office will be led by Grant Hamilton, who was previously a director of Rathbones, in Jersey. 

The initial Jersey team are:
 
• Grant Hamilton
Prior to joining 7IM, Mr hamilton was a director of Rathbones in Jersey responsible for relationships with trustees, consultants and private clients. Grant holds a BSc (Hons) in Financial Services, is an Associate of The Institute of Financial Services and a member of the Chartered Institute of Securities and Investments.
 
• Dominic Pallot
Mr Pallot has more than 35 years’ experience in offshore financial services with trust company firms such as First Names and Walbrook Groups, banks such as Barclays Wealth and Abbey National, working in investment, cash management, and foreign exchange services. He is a Chartered Wealth Manager and is a Chartered Fellow of the Chartered Institute for Securities and Investments.
 
• Annie Newman
Prior to joining 7IM, Ms Newman previously worked in portfolio management at Merrill Lynch for 12 years. She has been working in the offshore finance industry for over 20 years.

Stewart Sanderson, head of private client at 7IM, said: “This expansion is an exciting part of our evolution and adds a Jersey base to complement our existing offshore offering. It provides a physical presence to help us offer discretionary management alongside our suite of services, including Dublin domiciled active and actively managed passive funds, and an open architecture platform with custody arrangements in Jersey.”
 
Grant Hamilton, relationship manager and head of the Jersey branch, said: “It is a real privilege to be leading 7IM’s Jersey team and to have played a part in making this happen.

“7IM has an exciting cost effective offering, combining discretionary management services and the offshore fund range with innovative platform service, technology and advanced reporting, something that sets us apart from many.

“We are looking forward to working with trustees, consultants, Financial Planners, private clients and their advisers who will be able to benefit from our award winning approach.”